High Volume on Friday Feb 24

[Boomerang]

Hello,

there is a lot off discussions in a German forum regarding the volume on Friday. Some claim, that the spot market is an only physical market, so there can't be any suppression with paper silver an the spot, but an the future market. That means, that on Friday somebody sold a lot of physical silver, and "thanks Good" there was an other one, who bot this up, otherwise we had a crash.

Btw - Is a contract an the spot always 5000 oz?

Can anybody help?

Many thanks

Boomerang

[Silver Wilbur]

Where are you getting your data. I don't see high volume on Friday. Looks like an inside consolidation day to me. There was a spike on Thursday though, but the volume pushed silver up over a dollar.

[Boomerang]

(02-27-2012 08:42 AM)Silver Wilbur Wrote:  Where are you getting your data. I don't see high volume on Friday. Looks like an inside consolidation day to me. There was a spike on Thursday though, but the volume pushed silver up over a dollar.

http://www.brotherjohnf.com/uncategorize...echnicals/

   

[Tig1142]

The takedown you are referring to was on the futures market (paper). There was over 100 million paper oz of silver traded in 7 minutes. Obviously it would be impossible to trade a large fraction of the world's yearly mined silver in seven minutes.

[ColdWarWarriors]

Same thing happened on Feb 27 Mon. Big smackdown followed by a big rebound all in the space of a few minutes???

[Boomerang]

(02-27-2012 11:34 PM)Tig1142 Wrote:  The takedown you are referring to was on the futures market (paper). There was over 100 million paper oz of silver traded in 7 minutes. Obviously it would be impossible to trade a large fraction of the world's yearly mined silver in seven minutes.

The Chart I've attached, is the spot chart. Is there a similar chart for the Future Contracts, to see what happened on Friday?

[Idaho Silver]

feb 29--nice take down...and so blatant!

[goldsilver]

Good time to stack up

[John Winger]

Computer glitch. /thread